The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility. The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as$$ follows:

Year

Project Cash Flow

$0$

$?$

$1$

$$$$790$ comma $000$

$2$

$360$ comma $000$

$3$

$320$ comma $000$

$4$

$510$ comma $000$

$($Click on the icon in order to copy its contents into a spreadsheet.$)$

If you know that the project has a regular payback of $2\mathrm{.}9$years$,$ what is the$$ project's IRR?